Month: May 2016
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OMV Petrom, lower investments in 2016
The Ordinary General Meeting of Shareholders approved the Executive Board proposal not to distribute dividends for the financial year 2015.…
Read More » - Oil & Gas
Growing sales for MOL Romania
MOL service station network in Romania included 206 stations end-March, after the acquisition completed last year and investment in new…
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CEFC and KazMunayGas to build a long term strategic partnership
China CEFC Energy Company Limited and JSC NC “KazMunayGas” (KMG) have signed recently transaction documents to establish a joint venture…
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Rompetrol Rafinare, historical record in the last 11 years
Rompetrol Rafinare, company member of KMG International Group, registered a net consolidated result amounting to USD 62 million in 2015,…
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International Association of Oil & Gas Producers elect new Chair
The International Association of Oil & Gas Producers (IOGP) has a new Chair. She is Monika Hausenblas, Royal Dutch Shell’s…
Read More » - Opinion
An agreement that seems neither to scare nor to comfort anyone
The Russian and Saudi oil ministers signed in Doha, on February 16, together with the Qatari and Venezuelan counterparts, an…
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Gazprom, DEPA and Edison sign Memorandum of Understanding
Alexey Miller, Chairman of the Gazprom Management Committee, Marc Benayoun, CEO of Edison SpA, and Theodoros Kitsakos, CEO of DEPA…
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Repsol sells its wind energy business
After cutting investments by 20 percent, Spanish energy company Repsol said it was selling its entire British wind energy business…
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European Commission approved Greece-Azerbaijan gas pipeline deal
The Trans Adriatic Pipeline AG (TAP) recently received confirmation that the European Commission granted state aid clearance for the Host…
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John Crane acquires XPD8 Solutions
Strengthening its aftermarket customer service offering, John Crane, a division of the global technology company Smiths Group, has signed an…
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GE reaffirms commitment to Russian market
GE reaffirmed its commitment to the company’s growth plans in Russia by announcing a USD1 billion sourcing program and signing…
Read More » - Oil & Gas
Gazprom to increase the company’s share in the global gas market
The Gazprom Board of Directors approved an updated list of measures aimed at increasing the company’s share in the global…
Read More » - Analysis
Surprising developments in the oil and gas sector listed on Bucharest Stock Exchange
The complex developments on the international oil market have led to dramatic changes in the structure of financial results of…
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Energy Minister promises vision and predictability
The Ministry of Energy has announced that it will complete this autumn Romania’s energy strategy for 2016-2030. So far the…
Read More » - Interview
Mariana Gheorghe: Black Sea, an area of strategic importance for OMV Petrom
Mrs. Mariana Gheorghe is for 10 years the Chief Executive Officer and President of the Executive Board of the largest…
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